Re-opening of Porgera inching closer, Sinivit gold mine causing environmental concerns and SMEs need a billion kina . The business news in brief.
In brief: Re-opening of Porgera inching closer and other business stories
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7 Jun 2021 by 1 Comment
Ramu nickel mine production rises
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2 Jun 2021 by 2 Comments
The Ramu nickel mine in Papua New Guinea’s Madang province had strong first quarter production, according to Nickel 28, the junior partner in the joint venture.
In brief: Ok Tedi Mining commences COVID-19 vaccination program and other business stories
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2 Jun 2021 by Leave a Comment
Ok Tedi Mining rolls out its vaccination program, landowners call for the government to move forward Wafi-Golpu and Fishing Industry Association proposes discounts on fishing days. The business news in brief.
People moves: PNG Air, National and Supreme Court, Mayur
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2 Jun 2021 by Leave a Comment
PNG Air appoints two key positions, the National and Supreme Court welcome five new judges and Mayur Resources Limited announces changes to its board.
Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence
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2 Jun 2021 by Leave a Comment
Recent developments in the Papua New Guinea’s resources sector should boost confidence, according to international ratings agency Fitch Solutions. Its latest outlook on the country, however, warns of ‘policy uncertainty and ongoing risks to social stability’.
PNG Biomass green power project under threat in Papua New Guinea
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31 May 2021 by 3 Comments
The future of one of Papua New Guinea’s highest profile green energy projects, PNG Biomass, appears under a cloud following the move by state-owned utility PNG Power to potentially cancel the power purchase agreement it has with the project.
In brief: Simberi mine suspends operations temporarily and other business stories
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31 May 2021 by Leave a Comment
St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.
People moves: South Pacific Brewery, Airways Residences
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26 May 2021 by Leave a Comment
South Pacific Brewery elects a new Chairman, plus a new GM for Airways Residences.
In brief: Shopsmart PNG signs deal with Steamships and other business stories
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26 May 2021 by Leave a Comment
Steamships partners with Emstret Holdings to help SMEs deliver its products, NDB still to loan out to SMEs, and K1 million for the honey sector. The business news in brief.
Papua New Guinea’s BSP Financial Group lists on ASX
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26 May 2021 by 1 Comment
BSP Financial Group, the Pacific’s largest bank, finally listed on the Australian Securities Exchange yesterday. The move creates a new market for its existing shares and positions the bank to tap into new sources of capital in the future.
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